Turkey’s President Recep Tayyip Erdoğan has appointed Professor Fatma Ozkul, an expert in crypto assets and blockchain technology, to the central bank’s monetary body. Ozkul, a lecturer at Marmara University in Istanbul, has a strong academic background in accounting, finance, and auditing, with a focus on blockchain technology and digital assets. She recently authored a […]
The Swiss National Bank (SNB) has announced that it will be launching a pilot project called Helvetia Phase III, which will involve the use of central bank digital currency (CBDC) on the SIX Digital Exchange (SDX) platform. This marks a significant step forward in the SNB’s exploration of digital currencies, as it will be the […]
The leading stablecoin issuer Paxos has received regulatory approval to expand its products to the Solana blockchain, which it plans to launch on Jan. 17, 2024. This expansion is a significant step for Paxos, as it competes with other stablecoin issuers like Circle and Tether for market share.Paxos prides itself on being the most regulated […]
Paxos, a blockchain and tokenization infrastructure platform, is expanding its stablecoin issuance to the Solana blockchain, marking its first expansion beyond Ethereum. Solana was chosen for its fast transaction rates and lower fees, making it an attractive network for US dollar stablecoins and payments.Paxos will be bringing its USDP coin, which is pegged to the […]
Stablecoin issuer Paxos has received approval from the New York Department of Financial Services (DFS) to expand its operations to the Solana blockchain. This move comes after a thorough review process by the DFS, focusing on Solana’s risk framework. Previously, Paxos was only able to issue its Pax Dollar stablecoin on the Ethereum network.The Pax […]
The Horizon project, created by Brazilian duo Raffaela Loffredo and Barba, has been recognized as one of the winners of the Chainlink Constellation Hackathon’s ‘High Quality’ award. This innovative project operates as a consortium platform on the blockchain, allowing users to deposit values into a pool and participate in monthly adjudication rounds. The selection of […]
Geneva-based private bank Bordier & Cie has partnered with crypto lender Sygnum to offer digital asset services in Singapore. Through this collaboration, Bordier will be able to utilize Sygnum’s institutional-grade custody, risk management, and off-balance sheet digital assets. This move demonstrates Bordier’s commitment to innovation and meeting the demand for alternative investments in digital assets.Sygnum, […]
Sygnum, the world’s first digital asset bank, has obtained regulatory approval from the Monetary Authority of Singapore (MAS) to launch its regulated Digital Payment Token (DPT) brokerage service in Singapore. With headquarters in Zurich and Singapore, Sygnum manages approximately USD4 billion in total assets and serves over 1,700 clients in more than 60 countries. The […]
An overwhelming majority of respondents in a recent survey conducted by digital asset bank Sygnum believe that crypto assets and blockchain technology are crucial for the future of global finance. The survey revealed that 81% of participants view crypto assets as essential in shaping the future of finance. This marks a significant shift in perception […]
Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), has announced that it is ready to receive applications for spot crypto exchange-traded funds (ETFs). In collaboration with the Hong Kong Monetary Authority, the SFC has reviewed its policy for intermediaries involved in virtual asset-related activities.The SFC is now prepared to accept applications for the […]
